Denel, Malaysian Company Settle Offsets Deal for Turret Purchase

South Africa's Denel Aerostructures (DAe) and Malaysian company Strand Aerospace Malaysia have signed a deal that initiates an indirect offsets program South Africa is offering in return for the Malaysian Army's 3.5 billion Malaysian ringgit (US $1.1 billion) order of Denel Land Systems turrets for its eight-wheel-drive armored infantry fighting vehicles.

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